THE CHART OF THE NIFTY50 INDEX COULD BE GOING TO SEE A SHARP FALL DOWNWARD TOPPING OUT, CONSIDERING ALSO THE OVERBOUGHT RSI OSCILLATOR. ASIAN ECONOMIES COULD BE ON THE VERGE OF TURMOIL, CONSIDERING THE CONTINUING DEFAULTS IN CHINA REAL ESTATE MARKET. INDIA’S ECONOMY HAS ALSO A CONSIDERABLE EXPOSURE TO THE BUILDING DEVELOPMENTS AND REAL ESTATE MARKET, IN PLACES SUCH AS MUMBAI THAT HAVE BEEN EXPERIENCING FAST GROWTH IN THE REAL ESTATE SECTOR. THE WIDER EXPOSURE OF ASIAN ECONOMIES TO THE SPECULATIVE DEVELOPMENTS IN THE HOUSING MARKET COULD BE A SPARK FOR A WIDER SELL-OFF IN EQUITIES ALL ACROSS ASIA, WHILE INVESTORS COULD TAKE DEFENSIVE POSTURE AND DUMP RISK OFF NIFTY50 EQUITIES.
